Mon, May 12, 11:57 AM (32 days ago)
**YHN Acquisition I Limited (YHNAU, YHNA, YHNAR)** **Q1 2025 Financial Summary:** YHN Acquisition I Limited, a blank check company, reported its Q1 2025 financial results, highlighting its financial health, performance metrics, and operational trends. The company is in the process of identifying a business combination target. **Financial Health and Performance Metrics:** - **Revenue:** The company generated $639,717 in dividend income and $14 in interest income, totaling $639,731 in other income. - **Profit Margins:** The company reported a net income of $547,299 for Q1 2025, compared to a net loss of $25,346 in Q1 2024. - **Cash Flow:** The company had a net cash outflow of $168,238 from operating activities and a net cash inflow of $36,000 from financing activities, resulting in a net change in cash of -$132,238. - **Earnings Changes:** Basic and diluted net income per share for redeemable ordinary shares was $0.09, while it was -$0.01 for non-redeemable ordinary shares. **Trends and Uncertainties:** - **Business Combination:** The company is evaluating potential business combination targets and has entered into a letter of intent with Mingde Technology Limited, valuing the target at $396 million. - **Liquidity:** As of March 31, 2025, the company had cash of $537,012 and a working capital of $502,275. The company has until December 18, 2025, to complete a business combination. - **Going Concern:** If the company does not complete a business combination, it will trigger an automatic winding up, dissolution, and liquidation. The company cannot provide assurance that new financing will be available if needed. **Future Operations Impact:** - **Business Combination:** The company's future operations will depend on the successful completion of a business combination. The company has until December 18, 2025, to complete a business combination. - **Liquidity:** The company will use the funds held in the trust account, including any interest earned, to complete the business combination. The company may withdraw interest earned on the funds held in the trust account to pay taxes. - **Going Concern:** If the company does not complete a business combination, it will trigger an automatic winding up, dissolution, and liquidation. The company cannot provide assurance that new financing will be available if needed. **Ticker:** YHNAU, YHNA, YHNAR